Above Resistance - CenturyLink

Published on Thursday, 09 February 2012 05:48 Written by TradersHuddle Wire

New York, February 9th (TradersHuddle.com) - Shares of CenturyLink, Inc. (NYSE:CTL) closed the trading session at $37.89 just above calculated resistance at $37.34 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range

CenturyLink, Inc. (NYSE:CTL) is an integrated communications company. The Company provides a wide range of communications services, including local and long distance voice, Internet access and broadband services. CenturyTel operates throughout the United States.

CenturyLink's stock was trading in a well defined range with support at $35.40 and resistance at $37.34, given that this range was broken traders will be closely monitoring the stock